Brokerages expect that Regions Financial Corp (NYSE:RF) will announce sales of $1.45 billion for the current fiscal quarter, Zacks Investment Research reports. Twenty Three analysts have made estimates for Regions Financial’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.41 billion. Regions Financial reported sales of $1.38 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The company is scheduled to issue its next earnings report before the market opens on Friday, January 19th.
On average, analysts expect that Regions Financial will report full-year sales of $1.45 billion for the current year, with estimates ranging from $5.60 billion to $5.78 billion. For the next year, analysts anticipate that the company will report sales of $5.91 billion per share, with estimates ranging from $5.79 billion to $6.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Regions Financial.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share.
Regions Financial (RF) traded up $0.08 during midday trading on Thursday, hitting $18.28. 7,141,449 shares of the stock were exchanged, compared to its average volume of 8,056,187. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market cap of $21,204.27, a PE ratio of 19.04, a PEG ratio of 1.06 and a beta of 1.30. Regions Financial has a one year low of $13.00 and a one year high of $18.37.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s dividend payout ratio is 37.50%.
In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,000 shares of company stock worth $1,278,400. 0.52% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in RF. Koch Industries Inc. bought a new stake in shares of Regions Financial during the 2nd quarter valued at approximately $614,000. Pinebridge Investments L.P. grew its holdings in shares of Regions Financial by 5.7% during the 3rd quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock valued at $11,551,000 after purchasing an additional 40,919 shares during the last quarter. Cipher Capital LP bought a new stake in shares of Regions Financial during the 3rd quarter valued at approximately $1,160,000. TIAA CREF Investment Management LLC grew its holdings in shares of Regions Financial by 20.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,928,403 shares of the bank’s stock valued at $57,512,000 after purchasing an additional 663,618 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Regions Financial by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock valued at $5,974,000 after purchasing an additional 81,188 shares during the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
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About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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